Spanish retailer Zara, owned by Inditex fashion retail group, was founded in 1975 on the philosophies of flexibility, efficiency, and sustainability. Now one of the largest fashion retailers in the world and the best-known fashion brand in Spain, Zara has transformed the industry and has been praised for its business model. In August of 2011, tragedy struck for Zara when over 30 of its outsourced factories in São Paulo, Brazil were discovered using slave labor practices. The company denied any involvement and blamed its supplier.